The China AC Motor Market size is estimated at USD 2.89 billion in 2024, and is expected to reach USD 10 billion by 2029, growing at a CAGR of 5.29% during the forecast period (2024-2029).
The Chinese AC motor market is competitive with various large, medium, and small players. The China AC motors industry players are introducing new innovative products to cater to the growing consumer demands. Major players in the market include Siemens AG, Rockwell Automation Inc., Johnson Electric, Nidec Corporation, and ABB Limited. Technological advances in various industries, including healthcare, energy, and infrastructure, will boost the market growth.
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